China Partytime Culture Holdings Ltd. (1532) AI Stock Analysis

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China Partytime Culture Holdings Ltd.

(HKEX:1532)

Select Model

Rating:42Neutral

Price Target:HKD 0.13▲(0.00% Upside)

Action:reiterated

Date:11/13/26

The score is primarily constrained by persistent losses, deteriorating margins, shrinking equity, and recent cash burn. Mixed technical signals and an unfavorable loss-based valuation provide little offset, while low leverage offers only limited support.

Positive Factors

Conservative balance sheetLow and improving leverage provides financial flexibility because debt obligations are limited relative to the equity base. This reduces balance-sheet pressure and leaves more capacity to manage operational volatility, although recurring losses could still erode that resilience over time.

Negative Factors

Declining revenue and compressed marginsPersistent revenue contraction reduces scale and makes it harder to absorb fixed operating costs. Margin compression compounds that pressure by lowering the contribution from each sale, weakening the path to sustainable profitability unless demand and cost efficiency improve.

China Partytime Culture Holdings Ltd. (1532) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 238.56M
Dividend Yield: ―
Average Volume (3M): 123.27K
Price to Earnings (P/E): -3.7
Beta (1Y): -0.17
Revenue Growth: 1.27%
EPS Growth: 51.71%
Country: Hong Kong
Employees: 369
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Apparel - Manufacturers

China Partytime Culture Holdings Ltd. Business Overview & Revenue Model

Company Description

China Partytime Culture Holdings Limited operates as an investment holding company, specializing in the design, production, marketing, and sale of both cosplay merchandise and intimate apparel within the People's Republic of China. Its operations are...

China Partytime Culture Holdings Ltd. Financial Statement Overview

Summary

Financial performance is severely weak: persistent losses, deteriorating margins, declining revenue, shrinking equity, and substantial negative operating and free cash flow in 2025. Low debt provides some financial stability but does not offset the ongoing profitability and cash-generation problems.

Income Statement

20Very Negative

Balance Sheet

48Neutral

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	191.89M	193.63M	240.33M	355.68M	301.11M	242.21M
Gross Profit	31.19M	32.18M	46.59M	87.04M	75.06M	65.99M
EBITDA	-37.99M	-32.90M	-20.77M	11.32M	24.54M	25.21M
Net Income	-33.07M	-79.78M	-66.88M	-23.93M	-15.14M	-17.72M
Balance Sheet
Total Assets	322.11M	280.24M	417.11M	452.48M	498.03M	487.15M
Cash, Cash Equivalents and Short-Term Investments	23.53M	68.34M	67.17M	49.88M	50.75M	106.80M
Total Debt	7.74M	10.09M	25.99M	8.18M	78.09M	101.23M
Total Liabilities	61.98M	21.73M	53.42M	41.40M	99.03M	122.61M
Stockholders Equity	260.12M	258.51M	344.23M	383.10M	376.38M	361.18M
Cash Flow
Free Cash Flow	-25.80M	-76.77M	-16.52M	34.73M	-34.84M	9.80M
Operating Cash Flow	-12.18M	-38.21M	24.46M	53.84M	5.24M	21.79M
Investing Cash Flow	-58.92K	51.23M	-37.37M	-11.02M	-33.91M	-60.00K
Financing Cash Flow	-5.20M	-8.60M	27.97M	-41.11M	-25.26M	28.99M

China Partytime Culture Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.13

Price Trends

50DMA0.15Negative

100DMA0.14Negative

200DMA0.13Positive

Market Momentum

MACD-0.00Positive

RSI35.71Neutral

STOCH33.40Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1532, the sentiment is Negative. The current price of 0.13 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.15, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 35.71 is Neutral, neither overbought nor oversold. The STOCH value of 33.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1532.

China Partytime Culture Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:1532 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1982	66Neutral	HKD 1.55B	5.13	11.98%	18.12%	6.23%	-12.18%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HK:2199	61Neutral	HKD 3.05B	10.87	9.33%	6.40%	-1.56%	53.99%
HK:1906	52Neutral	HKD 2.40B	-46.26	-15.89%	―	-7.89%	-99.44%
HK:0311	50Neutral	HKD 351.60M	4.17	6.65%	7.38%	0.41%	―
HK:2030	48Neutral	HKD 778.91M	19.23	2.55%	1.98%	5.77%	22.13%
HK:1532	42Neutral	HKD 247.60M	-3.70	-12.75%	―	1.27%	51.71%

* Consumer Cyclical Sector Average

Performance Comparison

HK:1532 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1532	China Partytime Culture Holdings Ltd.	0.13	0.03	28.16%
HK:0311	Luen Thai Holdings Limited	0.34	0.15	78.95%
HK:1906	Bonny International Holding Ltd.	1.78	1.27	249.02%
HK:1982	Nameson Holdings Ltd.	0.69	-0.16	-18.82%
HK:2030	Cabbeen Fashion Limited	1.17	-0.33	-22.10%
HK:2199	Regina Miracle International (Holdings) Limited	2.50	0.50	24.81%

China Partytime Culture Holdings Ltd. Corporate Events

China Partytime Culture Exits Small Joint Venture in Strategic Asset Rebalance

Sep 11, 2026

China Partytime Culture Holdings Limited, a Hong Kong-listed cultural sector group incorporated in the Cayman Islands, conducts its operations in part through subsidiaries such as Partytime Culture and has used joint ventures to participate in smalle...

China Partytime Culture Narrows Interim Loss as Revenue Rises

Aug 21, 2026

China Partytime Culture Holdings reported unaudited revenue from continuing operations of RMB122.4 million for the six months ended 30 June 2026, up from RMB106.7 million a year earlier, with gross profit rising to RMB26.5 million. Despite higher sel...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 13, 2026

China Partytime Culture Holdings Ltd. AI Stock Analysis